Today in a press release, Pink OTC Markets Inc., which operates the leading inter-dealer quotation system in the Over-the-Counter (OTC) market, announced 2009 trading results and marketplace trends. Quotations on Pink OTC Markets’ system grew by 15% in 2009, attributable to both an overall increase in foreign stocks traded in the U.S. and to broker-dealers choosing to publish more priced quotations in Pink Quote™ to take advantage of the only market-wide quotation and trading platform for OTC securities.
Over the past year, Pink OTC Markets continued to see strong growth in its OTCQX® Marketplace and industry adoption of the Pink Sheets® disclosure tiers. The OTCQX tier alone reached $550 billion in market capitalization in 2009. The premium tier grew by 63% as 30 new companies, including global leaders such as Allianz SE, Gazprom Neft, JBS S.A., Craftmade International Inc., Sangold Corp, and Peugeot S.A., joined.
Pink OTC Markets believes its continued investment in its technology platform and leadership as the financial information provider for the OTC market has resulted in the global growth and trading performance of the OTCQX tier, the industry acceptance of Pink Sheets’ disclosure categories, and the increasing number of broker-dealers choosing the Pink Quote platform as their inter-dealer quotation system of choice for all their OTC quotation activity.
The trading statistics released show that liquidity follows transparency. More than 92% of all dollar volume traded in OTCQX, OTCBB, and Pink Sheets securities in 2009 was in companies that provided current disclosure to the public markets, either through a regulator or directly to Pink OTC Markets.
For complete statistics, including number of securities, total dollar volume, and average dollar volume per security as relates to each tier, view the complete release at http://www.prnewswire.com/news-releases/pink-otc-markets-announces-2009-trading-statistics-83630382.html.